Discuss the Politics, Economics, and Events of the New New York 23rd Congressional District (Allegany, Cattaraugus, Chautauqua, Chemung, (Eastern) Ontario, Schuyler, Seneca, Steuben, Tioga, Tompkins, and Yates Counties)

The time is now to make real reforms to our broken and dated tax code. I am committed to working in a bipartisan fashion in the House, with the White House, and partners in the Senate to find a consensus on tax reform. Today, we have released a framework of our objectives. Our goal is to create good paying, high-quality jobs while cutting taxes for the middle class. This can be done through incentivizing the manufacturing sector and small business growth, as well as lowering rates on businesses and investments. This path will ensure that hard-working folks of our region, and across America, have more money in their pockets. It is time we in DC think outside the box, no ideas are off the table. We need to make substantial reforms so that we have a simple, fair, and competitive tax code.–Tom Reed, facebook, Sept. 27, 2017

Bacon writes that these questions divide the Republican factions. Bacon’s essay is well worth reading.

Tom Reed has long been a deficit hawk as the above illustration reminds us. He is also a Republican stalwart, supporting House misleaders without fail. Here are some additional questions that come to mind?

Will Tom Reed support a budget that increases the deficit? If so will he abandon his long-held concerns or dispute projected deficits?

Will Tom Reed agree to temporary tax cuts or will he demand permanent reforms? Bacon explains how this matters.

Will Tom Reed continue to support tax reform which mostly benefits the wealthy? If so, will his constituents be seriously offended?

If the GOP decides on temporary tax cuts instead of comprehensive reforms as Bacon suggests some favor, one can bet they will later demand that the cuts be made permanent–we have experienced that before.

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About whungerford

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Contributor at NewNY23rd.com where we discuss the politics, economics, and events of the New New York 23rd Congressional District (Allegany, Cattaraugus, Chautauqua, Chemung, (Eastern) Ontario, Schuyler, Seneca, Steuben,Tioga, Tompkins, and Yates Counties) Please visit and comment on whatever strikes your fancy.

18 Responses to Tax Reform Issues

A front page article in today’s Finger Lakes Times publicizing Reed / Cuomo gun spat.
A letter to the editor in Penn Yan Chronicle Express by a citizen criticizing Reed’s hypocrisy on Tax Cuts and berating Reed for his treatment of Dairy Farms.

Arthur, do you think Tom’s promotion of Republican tax reform proposals will hurt him? Will the voters accept his claim that tax reform won’t primarily benefit corporations and wealthy individuals? What do you think he will say about the budget deficit?

So he will promote whatever he is told to promote. Democratic voters will believe nothing Reed says. Republican voters will believe everything he says. And independents tend to like incumbents. I believe that Reed will be able to present his tax cut claim in such a manner that he will benefit. The one item that will be problematic is elimination of state and local tax (SALT) exemptions in NYS.

But H.L. Mencken had it right: “No one ever went broke underestimating the intelligence of the American public.” I don’t think that most voters will object to the latest version of voodoo / trickle down economics re:corporations and wealthy individuals. Especially in NY-23.

As far as blowing up the deficit, he’ll adhere to the current Republican line, probably linking it to defense / national security, both which play well with voters.

Real tax reform would completely dismantle the current tax system and the bloated bureaucratic IRS.
It is morally wrong top tax people’s wage. An income tax should be on earned income from investments and profits, not wages. It is morally wrong to take money from people’s wages and then force companies to collect and forward that money to the iRS.
We must have a “flat tax” or a “fair tax”. We must simplify the American tax code to get rid of corruption in politics and save the American Taxpayers billion. This will in-turn allow us to lower corporate taxes and private sector business will grow.

I recommend that everyone read “The Interesting History of Taxation” by William Federer and the book by Stephan Moore and Arthur Laffer ” “Return to Prosperity: How America Can Regain its Economic Superpower Status” also Moore;s books “Who’s the Fairest of Them All? The Truth About Taxes, Income and Wealth in America”, It’s Getting Better All the Time: The 100 Greatest Trends of the Last Century,” and “Government: America’s Number One Growth Industry.”

I don’t plan to read Schweizer’s book, but here is an article written by him. I like the idea of restrictions on politicians receiving contributions while Congress is in session, but don’t think it goes far enough.

Why aren’t you interested in reading “Extortion”?
Perhaps you can help me understand why all of the many Progressive Liberals know are not interested in learning about Constitutional conservative and libertarian policies that promote smaller government, more freedom, more personal responsibility and more personal charity in-place of the outright immoral theft of taxpayer monies by the government ?

If someone stole a persons earnings like the government does they would be arrested and thrown in jail.

Arthur, that entire Washington Post article is nothing more than an op-ed of an obvious Trump hater.

Why don’t we wait until we see an actual tax reform Bill to judge it. Unless it is a revolutionary flat tax or fair tax or a truly revolutionary tax reform Bill I, along with most Constitutionalist and Conservatives, most likely will not be happy.

Rynstone says:
August 17, 2017 at 1:39 pm
Arthur, unfortunately you are so closed minded it is impossible to have an open and honest discuss or debate with you. However, I will always defend your Right to spew forth you closed minded nonsense. Good day sir.

Rep. Tom Reed (R-N.Y.), a member of the tax-writing Ways and Means Committee who has been negotiating a deal on the deduction, said Wednesday he expected an agreement to be reached in the coming week. The committee’s chairman, Rep. Kevin Brady (R-Tex.), said this week that he expects to release a draft bill by Nov. 1.

“Before the rollout of the whole tax legislation and bringing it to the floor, all those i’s and t’s will be dotted and crossed,” Reed said.

Reed’s SALT vote was interesting–once again party loyalty proved paramount. Tom hopes to defuse the issue by promising future relief–dotting and crossing–which is unlikely. Will his constituents buy his excuses? Time will tell.